Here’s something I happened to catch on a News channel I wanted to share.

The budget deficit in US swelled to a record $455bn in the fiscal 2008. A slowing economy which adversely affected revenues, spending on wars, bank failures and soaring unemployment related benefits have put pressure on exchequer.

These figures is a new record and broke the previous record of $413bn set in fiscal 2004, which was the fall out of tax cuts and massive spending on Iraq wars.

The Treasury’s recent plan to spend $250 bn to buy preferred stock in financial institutions is a kind of cash outlay and will add to the budget deficit. But the program and expanded Federal Reserve lending operations also could produce some revenue gains.

Yes, but with the economy being what it is we don’t really have a choice but to run up an even bigger deficit. If we don’t the advertisers here won’t have money to spend and we won’t be earning anything on Triond.